ATLANTA (Reuters) – Drug Fair Group, a New Jersey pharmacy chain, said on Wednesday it filed a voluntary petition for Chapter 11 reorganization and has an agreement to sell some assets to Walgreen Co (WAG.N). In a statement, Drug Fair said it reached an accord with a Walgreen subsidiary to sell assets associated with 32 […]
HgCapital has acquired stakes in three Spanish solar photovoltaic plants, from AIG Financial Products Corp. and Spanish investment bank 360 Corporate. No consideration represented an enterprise value of €300 million.
Atlanta Equity Fund has sponsored a recapitalization of Empower Software Solutions, an Orlando, Fla.-based provider of HR management software. No financial terms were disclosed, except that Chatham Capital provided a $31 million junior secured facility.
KIEV (Reuters) – Ukraine’s privatisation agency said on Wednesday it planned to sell off blocking shares in five regional energy companies in April or May, a project it has backed since 2008. The State Property Fund said the sales would apply to Poltavoblenergo (25.0 percent), Prykarpatoblenergo (25.02 percent), Lvivenergo (26.98 percent), Chernihivoblenergo (25.0 percent) and […]
HONG KONG (Reuters) – From a pure antitrust perspective, China’s basis for the rejection of Coca-Cola’s (KO.N) $2.4 billion bid for Huiyuan Juice (1886.HK) failed to stack up to international standards. The Coke-Huiyuan deal was China’s first major test to its new antitrust laws, enacted last year in an effort to bring its business competition […]
TOKYO (Reuters) – U.S. bank Goldman Sachs (GS.N) will bid for USJ Co Ltd (2142.T) this month to take the operator of Japan’s Universal Studios theme park private, three people familiar with the matter said on Wednesday. Goldman, which has a history of taking stakes in Japanese companies to turn them around and sell at […]
Warren Buffet’s executive air-travel company NetJets has hired Goldman Sachs to raise up to $1.4 billion in debt, according to a government filing. NetJets has $1.2 billion of short-term debt notes outstanding as of early February, documents show. The company became a subsidiary of Buffet’s Berkshire Hathaway holding company in 1998.
Yesterday was the first subscription day for interested TALF participants, but due to a seeming lack of preparation and time on both sides, it was extended until tomorrow. Is two days going to make much of a difference? Probably not. Notably, it's not for a lack of interest. The most vocal example is PE pro Wilbur Ross, who expressed his desire to get a piece of the TALF action last week. From what I hear, there are plenty of others in the alternative asset community and elsewhere. At issue is the timing.
NEW YORK (Reuters) – Station Casinos Inc said in a court filing on Wednesday it plans to file for bankruptcy on or before April 15 as part of an attempt to reorganize its debt. The company said it is currently working on a so-called prepackaged plan of reorganization. In a prepackaged Chapter 11 case, negotiations […]
NEW YORK (Reuters) – Foamex International Inc., a maker of polyurethane foam for bedding and cushions, said on Wednesday a bankruptcy court approved a bankruptcy loan of as much as $95 million to help the company fund operations while it restructures its debt and business. MatlinPatterson Global Opportunities Partners III L.P. and Bank of America […]